StockNews.com Initiates Coverage on Top Ships (NASDAQ:TOPS)

Equities researchers at StockNews.com started coverage on shares of Top Ships (NASDAQ:TOPS) in a report released on Wednesday. The brokerage set a “hold” rating on the shipping company’s stock.

Top Ships Trading Down 1.0 %

Shares of NASDAQ:TOPS opened at $5.91 on Wednesday. The business’s 50 day moving average price is $6.33 and its 200-day moving average price is $7.69. Top Ships has a 1 year low of $5.30 and a 1 year high of $14.70. The company has a current ratio of 0.63, a quick ratio of 0.61 and a debt-to-equity ratio of 1.78.

Top Ships Company Profile

Top Ships Inc owns and operates tanker vessels worldwide. The company’s tanker vessels transport crude oil, petroleum products, and bulk liquid chemicals. As of December 31, 2023, it had a fleet with a total capacity of 1,435,000 deadweight tonnes (dwt) consisting of one 50,000 dwt product/chemical tanker, five 157,000 dwt Suezmax tankers, two 300,000 dwt very large crude carriers, and two 50,000 dwt product tankers.